Boston’s fiscal 2015 taxable value has surpassed $100 billion for the first time in Boston’s history. Business property, especially commercial property, cross-subsidizes low residential tax rates. New growth at $44.5 million represents 50% of the total tax levy increase, demonstrating the importance of development to continued revenue growth for Boston. Full Report>

Excise growth is increasingly important as Boston relies more on its own-source revenues. At $179.9M and 11% of total revenues, excise receipts represent a small but important source of recurring revenue for Boston. The growth in excise revenue helped mitigate a 9% decline in state aid, the City’s second largest revenue source. Full Report>